PHNOM PENH: Interpol has flagged that online financial and romance fraud linked to organised syndicates is posing a growing threat to Asian economies, as Cambodia and Myanmar move to dismantle illicit scam operations.
Interpol’s Director of Taskforce Coordination Directorate, Nicholas Court, said millions of dollars are lost daily to fraud worldwide, and South-East Asia is no exception.
“We see a lot of different types of investment fraud, especially involving cryptocurrencies that is becoming more prevalent. Romance fraud has existed for decades but is becoming worse because of the use of social media and dating apps and people using the internet to find love and romance,” Court told Bernama.
He spoke on the sidelines of the International Conference on Combating Online Scams, which was held in Phnom Penh from September…
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